Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
China president takes charge of sweeping economic reform plans - sources. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Singapore Telecommunications Q2 net profit down 1.6 pct
SINGAPORE Nov 14 (Reuters) - Singapore Telecommunications Ltd reported a 1.6 percent fall in second-quarter net profit on Wednesday, partly dragged down by higher costs.
SingTel, Southeast Asia's largest telecommunications firm, had net profit of S$868 million ($709.9 million) for the three months ended in September, down from S$882 million a year earlier.
Underlying net profit was S$886 million. That was below the S$896 million average forecast based on a Reuters poll of six analysts.
For SingTel's statement on its earnings, click ($1 = 1.2227 Singapore dollars) (Reporting by Eveline Danubrata; Editing by John O'Callaghan)
- Tweet this
- Share this
- Digg this